Introduction
Table of Organization
Corporate Structure
Assets Under Management
Growth of Assets Under Management
Executive Officers

Compliance
  Wafra Investment Advisory Group, Inc.
EXECUTIVEOF FICERS
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  Mohamad W. Khouja
Chairman, CEO

Dr. Khouja works with the senior management of Wafra in communicating the strategic goals and in their implementation. He conducts global economic assessments and positions Wafra and its investment products to best capitalize on the current domestic and international environments. Dr. Khouja is also responsible for deploying the firm's investments and using such investments towards the development of new Wafra products.

Dr. Khouja was previously senior advisor to the Kuwait Real Estate Investment Consortium from 1982-1987. He has also been economic advisor, Kuwait Fund for Arab Economic Development from 1969-1982; Associate Professor, Oklahoma State University from 1966-1971; and member of the IMF-World Bank Task Force on Foreign Direct Investment in Developing Countries from 1978-1980 and member of the IMF-World Bank Task Force on Non-Concessional Flows to Emerging Countries from 1980-1981. Dr. Khouja holds a BS in Business Administration and a MS in Economics from Indiana University and a PhD in Economics from the University of California, Berkeley.

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  Anthony G. Barbuto
Chief Financial Officer

Mr. Barbuto is responsible for firm-wide financial reporting and monitoring. Mr. Barbuto also has financial and administrative oversight over each Wafra Division and works with the chief executive officer and the senior management of the firm in establishing firm policies. He is also responsible for coordinating the development of new products with the head of each Wafra Division.

Prior to joining Wafra, Mr. Barbuto served as vice president and treasurer of Lambert Brussels Capital Corporation from 1982 and oversaw the operations of various subsidiary companies. Mr. Barbuto was also with Pannell Kerr Forster, an international public accounting firm, from 1978, where he left as a manager in 1982. He is a licensed Certified Public Accountant. Mr. Barbuto holds a BBA in Public Accounting from Pace University.

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Wafra Investment Advisory Group, Inc.
345 Park Avenue, 41st Floor
New York, New York 10154-0101